Formosa Petrochemical Corp
Formosa Petrochemical's GHG Emissions Data Preview
In 2023, Formosa Petrochemical completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources) and Scope 2 (indirect emissions from purchased energy).
However, Formosa Petrochemical has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.
| Metric (tCO2e) | 2023 | 2022 | 2021 | 2020 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Unspecified Calculation Method | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
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Verified Sources Behind Formosa Petrochemical’s Greenhouse Gas (GHG) Emissions Data
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Insights into Formosa Petrochemical's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of Formosa Petrochemical amounted to 24,186,372 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a
Compared to 2022, the total operational greenhouse gas (GHG) emissions of Formosa Petrochemical decreased by 0.97%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a
Formosa Petrochemical's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Formosa Petrochemical's Scope 1 emissions?
In 2023, the total Scope 1 emissions of Formosa Petrochemical were 24,004,680 metric tons of CO₂ equivalent (tCO₂e). a
Has Formosa Petrochemical reduced its Scope 1 emissions over time?
Since 2018, Formosa Petrochemical's Scope 1 emissions have decreased by 14.48%, reflecting a declining long-term trend in Scope 1 emissions over time. a b
Compared to the previous year (2022), Formosa Petrochemical's Scope 1 emissions remained relatively stable, indicating that Formosa Petrochemical's emissions have plateaued with no significant change in its operational footprint. a
What are Formosa Petrochemical's Scope 2 emissions?
In 2023, Formosa Petrochemical reported Scope 2 greenhouse gas (GHG) emissions of 181,692 tCO₂e without specifying the calculation method. a
Has Formosa Petrochemical reduced its Scope 2 emissions over time?
Since 2018, Formosa Petrochemical's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have increased by 67.43%, reflecting a rising long-term trend in Scope 2 emissions over time. a b
Compared to the previous year (2022), Formosa Petrochemical's Scope 2 emissions (Unspecified Calculation Method) fell by 57.1% in 2023, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption. a
What methodology does Formosa Petrochemical use for Scope 2 reporting?
In 2023, Formosa Petrochemical reported its Scope 2 emissions using an unspecified methodology. a
Formosa Petrochemical's Scope 2 Emissions Over Time
- Total Scope 2 (Unspecified Calculation Method)
Insights into Formosa Petrochemical’s GHG Emissions Intensity Compared to Industry Peers
In 2023, Formosa Petrochemical reported Scope 1 greenhouse gas (GHG) emissions of 24,004,680 tCO₂e and total revenues of USD 23,228 millions. This translates into an emissions intensity of 1,033.42 tCO₂e per millions USD. a
Formosa Petrochemical's Scope 1 Emissions Intensity Compared to Peers
How does Formosa Petrochemical's GHG emissions intensity compare to its peers?
In 2023, Formosa Petrochemical reported a Scope 1 emissions intensity of 1,033.42 tCO₂e per millions USD. Compared to the peer group median of 176.64, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a
Where does Formosa Petrochemical rank on GHG emissions intensity within its industry?
In 2023, Formosa Petrochemical ranked 19 out of 18 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
This places Formosa Petrochemical among the least efficient performers, with one of the highest emissions intensities in its sector. a